The land and associated warehouses are located near The Level Apartments, a housing project Redport Capital developed in northern Bucharest, in Petrom City area.
“We are continuing investments in an area we effectively were the first to bet on, in 2017, by launching the first phase of The Level Apartments. We thus acquired a new property that will cement the group’s foothold on the market. We believe in the potential of the local housing market,” said Cosmin Savu-Cristescu, managing director and the majority stakeholder in Redport.
The company was assisted in the deal by real estate consultancy firm SVN Romania and by Popovici Nitu Stoica & Asociatii. Havi Logistics was assisted by Colliers International and Musat & Asociatii.
“This is the fourth significant deal in Straulesti-Petrom City area, which is set to become one of the main real estate development poles in Bucharest. More than 5,000 housing units are likely to be built in the area and Redport Capital has already taken a serious step toward being one of the main companies to be involved in the urban regeneration of this vast area of Bucharest,” stated Andrei Sarbu, SVN Romania CEO.
Redport group was founded in 2016.
(English version by Catalina Apostoiu)